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Panama Papers probe sees CRA raid in West Vancouver

Investigators with the Canada Revenue Agency raided an address in West Vancouver Wednesday in connection with an investigation into possible tax evasion connected to the Panama Papers.

CRA investigators went into the West Vancouver address with a search warrant Wednesday morning, assisted by the West Vancouver Police.

The West Vancouver raid was one of three carried out simultaneously by about 30 CRA investigators on Wednesday. Other searches were carried out in Calgary and Toronto.

The CRA did not release the address where the search in West Vancouver was conducted or any names associated with it.

The agency said in a statement the searches were connected to a criminal investigation into offshore tax evasion related to the data leak from the Panamanian law firm Mossack Fonseca, made public in the Panama Papers.

“The CRA’s investigation identified a series of transactions involving foreign corporations and several transfers through offshore bank accounts